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INTRODUCTION
Cryptocurrencies and the entire world of digital have grown in popularity in recent times. Through blockchain technology, almost all the time, we see many more people becoming more interested in digital assets. In the last decade, many projects have successfully been built on blockchain technology. I want to discuss one of such amazing project that is built on blockchain. DIGITAL GOLD is a project that is based on blockchain to promote the digitalization of the world of finances. DIGITAL GOLD plans to achieve this mission by providing the opportunity for users of their innovative platform to invest in physical gold through an ERC-20 token known as GOLD token.
THE DIGITAL GOLD PLATFORM
Users of the digital gold platform buy the GOLD token, a token which is estimated at one gram of 99.99% physical gold that is placed safely in the organization's vaults. The token allows clients to use gold to make money through various transactions which includes piling stock of gold.
The GOLD token is equivalent to the value of gold hence it can basically be classified as a stablecoin. This is vital to protect against market fluctuations on the digital currency market, and at the same time allowing clients to profit from any rise in the price of gold.
Digital Gold vault is guaranteed at all time. An autonomous live reviews can be verified to know the amount of tokens available for use, through the measure of gold that is stored in the vault.
The digitalization of gold will also add the overall prestige of the precious metal, which has been valued by humans for many centuries. This great initiative to link gold and blockchain will show the great potential that can really change modern system of finances.
Digital Gold makes use of blockchain technology to ensure a quick, affordable and reliable transactions on the Ethereum blockchain network. This helps create a unique network security and protection against all forms of malicious attacks and hacking.
With blockchain, its application in the Digital Gold project when taken into consideration can bring many great benefits which includes quick transaction by means of the Ethereum blockchain. A good security that exist to protect against all forms of digital attacks, a reliable use of contract that comes with gold buy for every token that is bought) and a great support for all ERC20 wallets, and ensuring an easy way to exchange GOLD token when trades that are completed. Again, blockchain also provides a great opportunity for market transparency.
The GOLD token users can make use of the Digital Gold Marketplace to buy or sell the token at any point in time with ease.
The use of blockchain technology will allow gold to be easily accepted as it is very important to acknowledge that blockchain technology can ensure that gold can easily be traded and also be used as a means of payment.
The amazing blockchain will also ensure maximum security and through the use of blockchain-based system, newly-mined Gold can easily be monitored or tracked without losing any important details. Get more insight on this from the official website; https://gold.storage/
IMPORTANT FEATURES OF THE DIGITAL GOLD TOKEN
The Digital Gold Token is an ERC-20 token that operates on the ethereum blockchain network. Users can easily buy, sell and store or transfer investment-grade gold. The GOLD token can easily be classified as a stablecoin, that is aimed to be the same price as gold. The ERC-20 GOLD token is backed by physical gold, which is securely stored in the project's vault. As liquidity is ensured, the token can easily be classified as a potential stablecoin.
One GOLD token allows clients to buy 1 gram of 99.99% FINE gold. Clients are also allowed to perform a number of transactions.
BENEFITS ASSOCIATED WITH THE USE OF GOLD TOKEN
√Various transactions can easily be done with the GOLD Token.
√Users are able to send or transfer the Gold Token with low transaction fees on the platform.
√GOLDtoken also ensure that users are protected by physical gold, which can be used as a guarantee to provide protection against market fluctuations.
√To ensure maximum protection of users, all physical Gold is guaranteed by the world’s largest insurance company, the Chubb Insurance Company.
√Last but definitely not the least, GOLD Token also provides high liquidity, since DIGITAL GOLD LTD works as a liquidity supplier where users can also buy huge amount of tokens by making use of the Digital Gold Marketplace.
CONCLUSION
DIGITAL GOLD platform has come to revolutionise how people invest in physical gold through blockchain technology. I encourage all readers and all blockchain enthusiasts alike to take a critical look at this amazing project.
Find out more about the project, by visiting these important links below;
Website: https://gold.storage/
ANN Thread: https://bitcointalk.org/index.php?topic=5161544
Whitepaper: https://gold.storage/wp.pdf
Twitter: https://twitter.com/gold_erc20
Telegram: https://t.me/digitalgoldcoin
Medium: https://medium.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20
PROOF OF AUTHORSHIP
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2511518
The concept of this project seems realistic and achievable. I can't wait to buy some digital gold on the platform.
Crypto really needs stability and that is why I'm happy to come across projects like this which are back by real assets